MUMBAI: With India’s thrust on manufacturing and growth in e-commerce segment, Everest Industries is eyeing Rs 500-crore revenue from its pre-engineered buildings (PEB) business this fiscal.
“The ‘Make in India’ programme is set to give a boost to the manufacturing sector. With the growth in the e-commerce segment, the demand for logistic infrastructure like warehousing will also on rise, which is a huge opportunity for our PEB business,” stated Manish Garg, CEO Everest Steel Building Solutions.
Besides, demand for PEBs is also expected to see a rise from industries sector, especially auto and electronics. Also, there is a potential scope in setting up of schools, hospitals, educational institutions and exhibition centres among others, he added. The company, which is engaged in two businesses building products and PEBs had clocked Rs 1,230 crore revenue in the last fiscal, with the steel buildings division contributing nearly Rs 340 crore.